Tag: Economic Growth
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From Stagnation to Sustained Growth: Nobel Laureates Explain Innovation-Driven Progress
Understanding a Century of Change: Why Growth Became the Normal State Over the last two centuries, global living standards have risen dramatically, driven by a steady stream of technological innovations. This year’s Nobel Prize in Economic Sciences recognizes three scholars—Joel Mokyr, Philippe Aghion, and Peter Howitt—who illuminate the mechanisms behind sustained economic growth and why…
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Nobel Prize 2025: Innovation-Driven Growth Winners — Mokyr, Aghion & Howitt
Breakthrough Recognition for Innovation-Driven Growth The Nobel Prize in economics for 2025 has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for advancing our understanding of how innovation drives sustained economic growth. The Royal Swedish Academy of Sciences emphasized that growth is not automatic; rather, it is the product of creative destruction, policy…
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Canadian Peter Howitt Among 3 Nobel Winners in Economics: A Spotlight on Innovation-Driven Growth
Three Laureates Highlight Innovation-Driven Economic Growth In a landmark announcement, the Royal Swedish Academy of Sciences recognized a trio of economists for their work on how innovation fuels long-run economic growth. Canadian-born Peter Howitt joined Joel Mokyr of Northwestern University and Philippe Aghion of the College de France and the London School of Economics as…
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Innovation-Driven Growth: Nobel Prize 2025 Winners Mokyr, Aghion & Howitt
Introduction: The 2025 Nobel Prize in Economics Recognizes Innovation-Driven Growth The Royal Swedish Academy of Sciences has awarded the Nobel Prize in economics for 2025 to Joel Mokyr, Philippe Aghion, and Peter Howitt. The prize, which honors breakthroughs in understanding how economies grow and prosper, goes to researchers who have shown that sustained growth hinges…
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Marcos aide: Corruption probe overblows negative impact on investments, long-term benefits seen
Anticipating Long-Term Gains from a Short-Term Challenge Frederick Go, Special Assistant to the President for Investment and Economic Affairs (SAPIEA), asserts that the Philippines’ ongoing anti-corruption drive will ultimately benefit the country’s investment climate, despite concerns about a temporary dip in foreign investment stemming from a flood-control controversy. Speaking at a Palace press briefing, Go…
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UK Won’t Relax Visa Rules for India, Starmer Says: Trade Focus Over Immigration Reform
UK-India trade deal is central to the visit Prime Ministerial delegation leader Sir Keir Starmer has made clear that the United Kingdom is not about to loosen visa rules for India, even as he travels to Mumbai to highlight the economic and cultural benefits of the recently signed UK-India trade agreement. The mission, which includes…
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Growth Is Antidote to Division: Starmer at Labour Conference
Growth as the antidote to division Keir Starmer is using his Labour conference address to argue that sustained economic growth can be the antidote to the disorder sown by populist right forces. He emphasizes that growth should lift living standards for people across all regions, not just a select few, and that the way wealth…
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Starmer: Growth Is the Antidote to Division at Labour Conference
Keir Starmer’s growth message: the antidote to division Keir Starmer is positioning economic growth as the central answer to a country he says is at risk of pulling apart. In a speech planned for the Labour conference in Liverpool, he will insist that growth can be the force that unites communities and raises living standards,…
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Keir Starmer: Growth Is the Antidote to Division for Britain
Keir Starmer frames growth as the antidote to division In a bid to reassert Labour’s direction at the party’s annual conference in Liverpool, Prime Minister Keir Starmer cast economic growth as the crucial antidote to the divisions he says are stirred by the populist right. He argued that how growth happens — and who benefits…
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GST Reforms Continue: Prime Minister Modi’s Vision for India
Introduction to GST Reforms In recent discussions, Prime Minister Modi emphasized the ongoing reforms related to the Goods and Services Tax (GST) that aim to bolster India’s economy amidst changing global dynamics. He highlighted the necessity for India to evolve into a self-reliant nation, ensuring that our growth trajectory remains uncompromised by external factors. The…